Scholarships, Grants, and Loan Trends at The Salon Professional Academy-Fargo

6%

Received Percent Changed

$689

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 65, which is 34.78 % of all undergraduate students. 72 students which is 37.44% of undergraduate students received federal student loans and the average loan amount is $8,207.

For full-time, first-time beginning students (freshmen), 43.11% of students received grants or scholarships and 60% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at The Salon Professional Academy-Fargo since 2014.

For that period, the average number of students who received grants aid/scholarships is 65, which is 34.78 % of all undergraduate students. 72 students which is 37.44% of undergraduate students received federal student loans and the average loan amount is $8,207.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1545 (28%)$3,89345 (28%)$3,89348 (30%)$6,407
2015-1648 (33%)$4,35248 (33%)$4,35258 (39%)$7,282
2016-1735 (24%)$4,17035 (24%)$4,17051 (34%)$8,614
2017-1851 (29%)$5,68051 (29%)$5,68069 (40%)$7,834
2018-1956 (28%)$6,00956 (28%)$6,00764 (32%)$8,438
2019-2078 (37%)$5,60878 (37%)$5,57688 (41%)$10,248
2020-2156 (26%)$5,64154 (25%)$5,60468 (31%)$9,542
2021-22126 (74%)$2,66361 (36%)$5,32574 (43%)$8,464
2022-2392 (34%)$4,58283 (31%)$4,444127 (47%)$7,032
Average65 (34.78%)$4,73357 (30.11%)$5,00672 (37.44%)$8,207
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 23 (43.11 % of students) received grants or scholarships and its average amount is $4,749. It can cover 24.80% of tuition & fees ($19,150).

In addition, 31 (60.22 % of students) students get helped from the students loans (average amount : $9,458).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1517 (65%)$4,27720 (77%)$9,583
2015-1620 (37%)$4,47931 (57%)$12,902
2016-1711 (28%)$4,54824 (60%)$14,971
2017-1829 (44%)$5,11642 (64%)$13,990
2018-1944 (48%)$4,41451 (55%)$6,552
2019-2020 (41%)$5,23832 (65%)$7,617
2020-2117 (29%)$5,04028 (48%)$7,190
2021-2221 (40%)$5,21923 (44%)$6,987
2022-2324 (56%)$4,40931 (72%)$5,330
Average23 (43.11%)$4,74931 (60.22%)$9,458
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 23 (43.11 % of students) received Pell (federal) grants and its average amount is $4,677.

In addition, 1 students received State/local government grants/scholarships (2.00 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1517 (65%)$4,277------
2015-1620 (37%)$4,479------
2016-1711 (28%)$4,548------
2017-1829 (44%)$5,116------
2018-1944 (48%)$4,414------
2019-2020 (41%)$5,176----1 (2%)$1,250
2020-2117 (29%)$4,893----3 (5%)$833
2021-2221 (40%)$5,100----2 (4%)$1,250
2022-2324 (56%)$4,093--1 (2%)$7,600--
Average23 (43.11%)$4,677--1 (2.00%)$7,6002 (3.67%)$1,111
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 31 (60.22 % of students) get any students loan help and its average loan amount is $31.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1520 (77%)$9,58320 (77%)$5,8256 (23%)$12,528
2015-1631 (57%)$12,90231 (57%)$6,75616 (30%)$11,909
2016-1724 (60%)$14,97124 (60%)$6,34916 (40%)$12,933
2017-1842 (64%)$13,99042 (64%)$6,63233 (50%)$9,366
2018-1951 (55%)$6,55251 (55%)$6,552--
2019-2032 (65%)$7,61732 (65%)$7,617--
2020-2128 (48%)$7,19028 (48%)$7,190--
2021-2223 (44%)$6,98723 (44%)$6,987--
2022-2331 (72%)$5,33031 (72%)$5,330--
Average31 (60.22%)$9,45831 (60.22%)$6,58218 (35.75%)$11,684

Ratings & Review

Share your experiences and thoughts about The Salon Professional Academy-Fargo. It will be a great help to applicants and prospective students!